By Bizodisha Bureau, Bhubaneswar, January 30, 2025: The Odisha government signed 54 memorandum of understanding (MoU) with a proposed investment exceeding ₹5 lakh crores with different companies on the first day of the investors’ meet, the state government said on Tuesday.

State industries secretary Hemant Sharma said the Adani Group has topped the list with investment proposals worth ₹2.31 lakh crore.The Group would invest in cement, power, alumina, smelter and industrial parks, he said. Chief minister Mohan Charan Majhi held a meeting with Adani Ports & Special Economic Zone Ltd managing director Karan Adani on the sidelines of the ‘Utkarsh Odisha-Make in Odisha Conclave’ inaugurated by Prime Minister Narendra Modi.

Sajjan Jindal’s JSW Group also signed MoU worth ₹75,000 crore including one to set up a 5 million tonne per annum (MTPA) steel plant in Keonjhar district with an investment of ₹35,000-crore in partnership with Korean steelmaker Posco. In October last year, JSW Group signed a MoU with Posco..

Anil Agarwal’s Vedanta Limited also signed a MoU worth ₹1 lakh crore for a 3 MTPA aluminium plant and an aluminium park.